MicroSectors FANG+ ETN (NYSEARCA:FNGS – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 51,598 shares, a decline of 36.9% from the May 31st total of 81,768 shares. Based on an average trading volume of 40,788 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.7% of the shares of the company are short sold.
Institutional Investors Weigh In On MicroSectors FANG+ ETN
An institutional investor recently bought a new position in MicroSectors FANG+ ETN stock. Kingswood Wealth Advisors LLC purchased a new stake in MicroSectors FANG+ ETN (NYSEARCA:FNGS – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,183 shares of the company’s stock, valued at approximately $217,000.
MicroSectors FANG+ ETN Price Performance
MicroSectors FANG+ ETN stock traded up $0.26 during trading hours on Thursday, hitting $73.82. 27,229 shares of the stock traded hands, compared to its average volume of 49,875. The firm’s 50 day moving average price is $73.71 and its 200-day moving average price is $67.92. The stock has a market capitalization of $553.65 million, a price-to-earnings ratio of 35.17 and a beta of 1.32. MicroSectors FANG+ ETN has a 1 year low of $56.70 and a 1 year high of $80.76.
MicroSectors FANG+ ETN Company Profile
The MicroSectors FANG+ ETN (FNGS) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks an equally-weighted index of US-listed technology and consumer discretionary companies, selected by a committee. FNGS was launched on Nov 15, 2019 and is issued by REX Microsectors.
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